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purple_mattress's profile
Mattress_King
Mattress_King
Mattress_King
@purple_mattress

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Mattress_King

@purple_mattress

Reddit u/dhsmatt2. Average Investor with below average returns - $PSTH $PRPL $SVFA $CHAA $PAQC $SOFI

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Joined January 2015

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    Mattress_King‏ @purple_mattress Feb 1

    $PSTH options traders- if you're interested in some March Lotto's take a look at the March 35/40 debit spreads. 70 at risk for 430 profit. $IPOE, $IPOF, $FUSE, $AACQ, $QELL, $CCIVpic.twitter.com/JhXP0RlUEy

    6:20 PM - 1 Feb 2021
    • 2 Retweets
    • 18 Likes
    • jdiggs chobiboni well adjusted sad boi Tim Putko promise orji Geek🦊 CRISPR FANBOY Up&Away ̶L̶a̶w̶ ̶ Options & Order
    7 replies 2 retweets 18 likes
      1. New conversation
      2. Neal‏ @Neal59207276 Feb 1
        Replying to @purple_mattress

        what is trading platform name ?

        1 reply 0 retweets 0 likes
      3. Mattress_King‏ @purple_mattress Feb 1
        Replying to @Neal59207276

        This is fidelity

        1 reply 0 retweets 1 like
      4. Show replies
      1. New conversation
      2. Shu-Sin‏ @shusinsei Feb 1
        Replying to @purple_mattress

        Given Ackman’s timeline why not just long OTM calls vs spreads? Either we get the announce on time and it pops or March likely closes under 35 anyhow.

        1 reply 0 retweets 0 likes
      3. Shu-Sin‏ @shusinsei Feb 1
        Replying to @shusinsei @purple_mattress

        Should have at least done some quick maths before responding 😅 in order to get the same return basis (6:1) on uncovered 35c, price would have to hit ca. $50 vs only needing $40 for max value on the spreads. Seems like spreads in this case are better or simply yoloing 40c but meh

        0 replies 0 retweets 0 likes
      4. End of conversation
      1. San‏ @BuyBtfd Feb 2
        Replying to @purple_mattress

        Personally I prefer the 30/35, but that’s because I’ve only got ping pong balls

        0 replies 0 retweets 0 likes
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      1. Tim Putko‏ @timputko Feb 2
        Replying to @purple_mattress

        What’s the different between net/debit and market limit type?

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. DoubleDeckerTesla‏ @Epstein2ndspot Feb 2
        Replying to @purple_mattress

        So if I do both it would be buy 1 30c 1 35c and sell 2 40c?

        1 reply 0 retweets 0 likes
      3. Mattress_King‏ @purple_mattress Feb 2
        Replying to @Epstein2ndspot

        Honestly the 30/40 are the way to go. 35/40 is almost same payout but a way higher break even.

        2 replies 0 retweets 1 like
      4. Show replies
      1. DoubleDeckerTesla‏ @Epstein2ndspot Feb 2
        Replying to @purple_mattress

        I still have like 180k that I'm not sure what to do with wtf. I remember when my goal was like 70k and I was freaking out about an engagement ring. Should I put it into more psth and purple? Should I just buy a boat? So confusing.

        0 replies 0 retweets 0 likes
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      1. New conversation
      2. Jonathan Horowitz‏ @PeanutOfPuggery Feb 2
        Replying to @purple_mattress

        I am mental and don’t know what I’m talking about, but it seems like a 3/19 c30/35/40 (butterfly) has slightly more upside and slightly less down side. Is that correct?

        1 reply 0 retweets 0 likes
      3. Mattress_King‏ @purple_mattress Feb 2
        Replying to @PeanutOfPuggery

        could be

        0 replies 0 retweets 0 likes
      4. End of conversation

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